German MTNs: Buyers seek explicit promise as Asia backs off

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German MTNs: Buyers seek explicit promise as Asia backs off

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Worries about the eurozone may be spreading as far as German agencies as borrowers report reduced interest from coveted Asian central bank buyers in the MTN market. Meanwhile, other investors are favouring agencies with explicit state guarantees, allowing safe haven German agencies to keep stable price levels despite widening elsewhere in the SSA sector.

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